Does having an internshp effect salary ?

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Answer to the question

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written insight 1

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written insight 2

Salary at a glance

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Year v Salary

Region v salary

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Salary v Ethnicity and Gender

Salary v Primary Major

Salary v. Internships

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Salary v. Number of Internships

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Salary by Major and Number of Internships

Regression Model Analysis

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Regression results


Call:
lm(formula = survey_salary ~ year.x + GPA.Range + major1 + major2 + 
    survey_plans + Gender + IPEDS.Race.Ethnicity + latin_honors + 
    `Combined Bacc and Masters` + Region, data = data)

Residuals:
   Min     1Q Median     3Q    Max 
-43096  -3960    219   3259 111338 

Coefficients:
                                                 Estimate  Std. Error t value
(Intercept)                                   -1310310.15   467475.42  -2.803
year.x                                             675.81      231.42   2.920
GPA.Range2.50 - 2.99                              1456.98     1660.20   0.878
GPA.Range3.00 - 3.49                              3317.37     1593.12   2.082
GPA.Range3.50 - 4.00                              3532.35     1959.16   1.803
major1Business Analytics                          6527.71     1450.08   4.502
major1Business Economics                          2673.83      964.61   2.772
major1Finance                                     2888.03      633.70   4.557
major1Human Capital Mgmt & Leadership            -4159.80     1002.74  -4.148
major1Information Systems                         7026.60     1014.55   6.926
major1Marketing                                  -5919.36      659.45  -8.976
major1Supply Chain & Operations Mgmt              -940.09      848.16  -1.108
major2                                            1286.86      744.29   1.729
survey_plansaccepted parttime job                -4459.54     1959.38  -2.276
survey_planscontinuing education                    75.90      976.45   0.078
survey_plansmilitary service                      -677.23     2669.19  -0.254
survey_plansnot seeking employment                 519.61     3131.49   0.166
survey_plansother                                  803.32     2074.01   0.387
survey_plansseeking continuing education           288.83     1879.33   0.154
survey_plansseeking employment                     418.72      707.53   0.592
survey_plansself employed                        -2611.60     9097.91  -0.287
GenderMale                                          20.12      404.05   0.050
IPEDS.Race.EthnicityAsian                          126.86     4679.82   0.027
IPEDS.Race.EthnicityBlack or African American     2282.13     4856.18   0.470
IPEDS.Race.EthnicityHispanic/Latino               -765.17     4623.51  -0.165
IPEDS.Race.EthnicityMulti Racial                 -1086.01     4681.42  -0.232
IPEDS.Race.EthnicityNon-Resident Alien           -1153.87     4619.27  -0.250
IPEDS.Race.EthnicityUnknown                       4079.04     5877.95   0.694
IPEDS.Race.EthnicityWhite                        -1371.20     4557.12  -0.301
latin_honors                                      2900.81     1159.81   2.501
`Combined Bacc and Masters`                       -553.63      919.54  -0.602
RegionNortheast                                   2914.19      802.73   3.630
RegionSouth                                       -101.75      872.08  -0.117
RegionUnknown                                      185.08      533.05   0.347
RegionWest                                        4331.18     1075.13   4.029
                                                          Pr(>|t|)    
(Intercept)                                               0.005104 ** 
year.x                                                    0.003530 ** 
GPA.Range2.50 - 2.99                                      0.380251    
GPA.Range3.00 - 3.49                                      0.037419 *  
GPA.Range3.50 - 4.00                                      0.071512 .  
major1Business Analytics                          0.00000706270134 ***
major1Business Economics                                  0.005615 ** 
major1Finance                                     0.00000543573583 ***
major1Human Capital Mgmt & Leadership             0.00003462833363 ***
major1Information Systems                         0.00000000000553 ***
major1Marketing                               < 0.0000000000000002 ***
major1Supply Chain & Operations Mgmt                      0.267808    
major2                                                    0.083940 .  
survey_plansaccepted parttime job                         0.022933 *  
survey_planscontinuing education                          0.938046    
survey_plansmilitary service                              0.799734    
survey_plansnot seeking employment                        0.868226    
survey_plansother                                         0.698549    
survey_plansseeking continuing education                  0.877868    
survey_plansseeking employment                            0.554035    
survey_plansself employed                                 0.774095    
GenderMale                                                0.960295    
IPEDS.Race.EthnicityAsian                                 0.978376    
IPEDS.Race.EthnicityBlack or African American             0.638438    
IPEDS.Race.EthnicityHispanic/Latino                       0.868568    
IPEDS.Race.EthnicityMulti Racial                          0.816571    
IPEDS.Race.EthnicityNon-Resident Alien                    0.802767    
IPEDS.Race.EthnicityUnknown                               0.487776    
IPEDS.Race.EthnicityWhite                                 0.763523    
latin_honors                                              0.012446 *  
`Combined Bacc and Masters`                               0.547185    
RegionNortheast                                           0.000289 ***
RegionSouth                                               0.907128    
RegionUnknown                                             0.728468    
RegionWest                                        0.00005785875039 ***
---
Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1

Residual standard error: 9072 on 2426 degrees of freedom
Multiple R-squared:  0.212, Adjusted R-squared:  0.2009 
F-statistic: 19.19 on 34 and 2426 DF,  p-value: < 0.00000000000000022

Call:
lm(formula = survey_salary ~ year.x + GPA.Range + major1 + major2 + 
    survey_plans + Gender + IPEDS.Race.Ethnicity + latin_honors + 
    `Combined Bacc and Masters` + Region + survey_internships, 
    data = data)

Residuals:
   Min     1Q Median     3Q    Max 
-43869  -4259     40   3619 110543 

Coefficients:
                                                 Estimate  Std. Error t value
(Intercept)                                   -1419107.17   464094.01  -3.058
year.x                                             730.35      229.75   3.179
GPA.Range2.50 - 2.99                              1931.86     1646.78   1.173
GPA.Range3.00 - 3.49                              3574.16     1579.42   2.263
GPA.Range3.50 - 4.00                              3647.97     1941.65   1.879
major1Business Analytics                          6142.60     1438.02   4.272
major1Business Economics                          2502.12      956.58   2.616
major1Finance                                     2498.73      631.75   3.955
major1Human Capital Mgmt & Leadership            -4216.46      997.81  -4.226
major1Information Systems                         6764.45     1006.16   6.723
major1Marketing                                  -6265.94      656.70  -9.542
major1Supply Chain & Operations Mgmt              -949.86      842.12  -1.128
major2                                             955.25      739.08   1.292
survey_plansaccepted parttime job                -3954.35     1943.60  -2.035
survey_planscontinuing education                   614.41      974.23   0.631
survey_plansmilitary service                      1061.23     2659.92   0.399
survey_plansnot seeking employment                1597.22     3112.23   0.513
survey_plansother                                 1639.89     2058.69   0.797
survey_plansseeking continuing education           508.05     1862.18   0.273
survey_plansseeking employment                     927.57      704.81   1.316
survey_plansself employed                        -3425.43     9012.92  -0.380
GenderMale                                          44.64      400.64   0.111
IPEDS.Race.EthnicityAsian                           65.50     4636.25   0.014
IPEDS.Race.EthnicityBlack or African American     1601.26     4812.13   0.333
IPEDS.Race.EthnicityHispanic/Latino              -1126.44     4580.74  -0.246
IPEDS.Race.EthnicityMulti Racial                 -1479.66     4637.80  -0.319
IPEDS.Race.EthnicityNon-Resident Alien           -1049.83     4575.60  -0.229
IPEDS.Race.EthnicityUnknown                       2893.12     5825.13   0.497
IPEDS.Race.EthnicityWhite                        -1776.93     4515.10  -0.394
latin_honors                                      2885.03     1148.92   2.511
`Combined Bacc and Masters`                       -513.15      911.21  -0.563
RegionNortheast                                   2867.16      795.22   3.606
RegionSouth                                        -50.82      863.93  -0.059
RegionUnknown                                      226.59      528.59   0.429
RegionWest                                        4507.03     1065.35   4.231
survey_internshipsN/A                            -7453.84     9052.45  -0.823
survey_internshipsNone                           -3966.25      693.56  -5.719
survey_internshipsOne                            -2165.04      397.37  -5.448
survey_internshipsRPT                            -1539.19     9018.72  -0.171
                                                          Pr(>|t|)    
(Intercept)                                               0.002254 ** 
year.x                                                    0.001497 ** 
GPA.Range2.50 - 2.99                                      0.240866    
GPA.Range3.00 - 3.49                                      0.023727 *  
GPA.Range3.50 - 4.00                                      0.060392 .  
major1Business Analytics                           0.0000201592597 ***
major1Business Economics                                  0.008960 ** 
major1Finance                                      0.0000786510074 ***
major1Human Capital Mgmt & Leadership              0.0000246977898 ***
major1Information Systems                          0.0000000000221 ***
major1Marketing                               < 0.0000000000000002 ***
major1Supply Chain & Operations Mgmt                      0.259461    
major2                                                    0.196313    
survey_plansaccepted parttime job                         0.042005 *  
survey_planscontinuing education                          0.528321    
survey_plansmilitary service                              0.689950    
survey_plansnot seeking employment                        0.607852    
survey_plansother                                         0.425779    
survey_plansseeking continuing education                  0.785011    
survey_plansseeking employment                            0.188279    
survey_plansself employed                                 0.703936    
GenderMale                                                0.911294    
IPEDS.Race.EthnicityAsian                                 0.988729    
IPEDS.Race.EthnicityBlack or African American             0.739349    
IPEDS.Race.EthnicityHispanic/Latino                       0.805775    
IPEDS.Race.EthnicityMulti Racial                          0.749722    
IPEDS.Race.EthnicityNon-Resident Alien                    0.818546    
IPEDS.Race.EthnicityUnknown                               0.619473    
IPEDS.Race.EthnicityWhite                                 0.693946    
latin_honors                                              0.012101 *  
`Combined Bacc and Masters`                               0.573385    
RegionNortheast                                           0.000318 ***
RegionSouth                                               0.953099    
RegionUnknown                                             0.668206    
RegionWest                                         0.0000241763190 ***
survey_internshipsN/A                                     0.410358    
survey_internshipsNone                             0.0000000120546 ***
survey_internshipsOne                              0.0000000559400 ***
survey_internshipsRPT                                     0.864500    
---
Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1

Residual standard error: 8986 on 2422 degrees of freedom
Multiple R-squared:  0.2281,    Adjusted R-squared:  0.216 
F-statistic: 18.83 on 38 and 2422 DF,  p-value: < 0.00000000000000022

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Interpretation

conclusion